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Business

Theranos founder wooed believers in 'parallel universe'

For critics outside the orbit of fallen US biotech star Elizabeth Holmes, her pledges of a medical revolution reeked of quackery. But the faith of close backers—from a future Pentagon chief to a lab scientist—was very ...

Business

Rolls Royce wins US Air Force contract worth up to $2.6 bn

The US arm of Britain's Rolls Royce won a contract worth up to $2.6 billion Friday to supply engines for the US Air Force's B-52H bomber fleet, the Air Force announced.

Business

Internet

Tech groups sue in attempt to void Texas social media law

Two technology industry groups filed suit Wednesday is an effort to strike down a new Texas law that will let social media users sue if they or their opinions are blocked from view or removed.

Business

Facebook tech chief Mike Schroepfer to step down

Facebook's Chief Technology Officer Mike Schroepfer is stepping down from the social media company, taking on a part-time role while longtime executive Andrew Bosworth will replace him next year.

Business

Facebook ad business hit by new Apple privacy rules

Facebook said Wednesday that Apple's iPhone privacy changes, which allow users to block tracking, significantly affected its advertising revenues because less data could be collected.

Internet

Apple, Google raise new concerns by yanking Russian app

Big Tech companies that operate around the globe have long promised to obey local laws and to protect civil rights while doing business. But when Apple and Google capitulated to Russian demands and removed a political-opposition ...